First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/09/22/biden-administration-expands-war-on-critical-natural-resources-002829
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>Fears of inflation remaining stubbornly high, and interest rates going higher, rattled financial markets this week. On Wednesday, the Federal Reserve left its benchmark funds rate unchanged as expected. However, Fed chairman Jerome Powell left the door open for another hike in the near future. He also suggested rates may need to stay higher for longer than previously expected.